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Current Mortgage Rates for Friday, August 5th, 2011
http://cheapgadgetshop.com/26-current-mortgage-rates-for-friday-august-5th-2011.html
Описание закладки: Mortgage rates hit yearly lows yesterday as the markets continued to freak out over the state of Western economies. Rates are unpredictable, and could easily spike at any time. If you are looking to refinance your home or make a home purchase, now is likely the time to strike. To lock your low rate, or to get pre-approved for a mortgage, call one of our licensed mortgage professionals today at 877-868-2503. Savings are just a phone call away.
Today’s Links:
Calculated Risk: The economy gained 117,000 jobs in July, but the labor-force participation rate continued to fall. Not good.
Yves Smith: On Bank of America’s liabilities.
Boston Globe: SJC expands right to challenge bank seizures.
Housing Wire: Fannie Mae loses $5.2 billion in the second quarter.
Felix Salmon: How stocks react to the macroeconomy.
Our Rates and Products:
Fixed rate mortgages hit yearly lows yesterday. 30 year fixed rate mortgages are available now for qualified borrowers starting at the rate of 4.250% with an APR of 4.368%. 15 year fixed rate mortgages are going at a rate of 3.500% with an APR of 3.704%.
Adjustable rate mortgages offer significant monthly savings compared to fixed rate mortgages of similar duration. 5/1 ARMs are available at a rate of 2.750% and an APR of 3.043%.
The rates on jumbo mortgages are lower than they have been in quite some time. 30 year fixed rate jumbo mortgages start at 5.125% with an APR of 5.228%. A 5/1 Jumbo ARM starts at 2.875% with and APR of 3.091%.
FHA mortgages are excellent for first-time home buyers who may not have a lot of money for a down payment. 30 year fixed FHA mortgages are available at a rate of 4.250% with a 5.563% APR.
***Mortgage rates are always changing. All rates were quoted at 1:05 P.M., on August 5, 2011.***
Mortgage Product Mortgage Rates APR
30 Year Fixed Conventional Mortgage 4.250% 4.368%
15 Year Fixed Conventional Mortgage 3.500% 3.704%
30 Year Fixed FHA Mortgage 4.250% 5.563%
30 Year Fixed Jumbo Mortgage 5.125% 5.228%
5/1 Conforming ARM Mortgage 2.750% 3.043%
5/1 Jumbo ARM Mortgage 2.875% 3.091%
* All rates shown are for 30 day rate locks. Longer locks are available. The APR for conventional loan amounts is calculated using a loan amount of $417,000, 1 point, a $495 application fee, $400 appraisal fee, $715 underwriting fee and a $16 flood certification fee. The APR for jumbo loan amounts is calculated using a loan amount of $500,000, two points, a $495 application fee, $400 appraisal fee, $715 underwriting fee and a $16 flood certification fee. The APR for FHA loan amounts is calculated using a loan amount of $295,000, two points, a $495 application fee, $450 appraisal fee, $715 underwriting fee and a $16 flood certification fee. Some rates and fees may vary by state. All interest rates listed are for qualified applicants with 720 or higher FICO and 80 LTV and are subject to mortgage approval with full documentation of income. All rates are subject to change without notice. All rates shown are for 30 day rate locks with 1 point unless otherwise noted.
Тэги (ключевые слова): Mortgage calculator, dow jones, dow jones industrial average, bankrate, mortgage payment calculator
05.08.11 22:48 | 0 | 507 / 1 | 0
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